M TEK COPPER LIMITED Board Approves Q2 Results, Appoints New Statutory Auditors for FY 2026-27
M Tek Copper Limited (formerly Madhav Copper Limited) held a Board Meeting on August 12, 2026, where it approved the unaudited financial results for the quarter ended June 30, 2026. The meeting also addressed changes in statutory auditing and made several key appointments related to corporate compliance and future audits.During the session, the Board of Directors took note of the resignation of M/s P G Hemani & Co., Chartered Accountants (Firm Registration No.: 103628W). Subsequently, the Board approved the appointment of M/s M P Gohil & Co., Chartered Accountants (FRN: 160286W) as the Statutory Auditors. This appointment was made to fill the casual vacancy and is subject to approval by shareholders at the ensuing Annual General Meeting (AGM).
Furthermore, the Board approved the appointment of M/s M P Gohil & Co. for a term of five consecutive years, starting from the conclusion of the upcoming AGM until the 18th AGM in 2031.
Financial Performance Review
The company reviewed and approved the Unaudited Financial Results for the quarter ended June 30, 2026. The Board also approved the annual report for FY 2025-26.Key financial details from the standalone unaudited results for the Quarter ended 30th June, 2026 are detailed below:
| PARTICULARS | QTR ENDED 30TH JUNE '26 (Unaudited) | QTR ENDED 31ST MAR '26 (Audited) | QTR ENDED 30TH JUNC'25 (Unaudited) | YEAR ENDED 31ST MAR '26 (Audited) |
|---|---|---|---|---|
| Total Revenue from Operations | 80,26,15,587 | 84,06,14,078 | 46,19,67,662 | 2,34,20,23,288 |
| Other Income | 15,56,983 | 92,79,130 | 17,43,187 | 1,50,79,021 |
| Total Income (1+2) | 80,41,72,569 | 84,98,93,208 | 46,37,10,849 | 2,35,71,02,309 |
| Total Expenditure | 78,81,82,222 | 81,29,75,128 | 45,34,25,768 | 2,28,69,53,694 |
| Profit before Tax | 1,59,90,347 | 3,69,18,080 | 1,02,85,081 | 7,01,48,615 |
| Total Tax Expenses | 55,30,750 | 78,62,622 | 1,41,000 | 2,52,70,320 |
| Net Profit after Tax | 1,04,59,597 | 2,90,55,458 | 1,04,26,081 | 4,48,78,295 |
Key Appointments and AGM Details
The Board meeting established several crucial roles for the company's operations:- Cost Auditor: M/S Chetan Gandhi & Associates (Firm Registration No: 10134) was appointed as the Cost Accountant for FY 2026-27.
- Internal Auditor: M/s N S Shah and Co., Chartered Accountant (Firm Registration No. 133041W) was appointed as the Internal Auditor for FY 2026-27.
- Scrutinizer: Mr. Ranjit Kumar Singh, Practicing Company Secretary (Membership No. F12564), was appointed to scrutinize the entire Voting Process for the 14th Annual General Meeting.
The Board also fixed the date and method for the 14th Annual General Meeting (AGM) on Friday, September 25, 2026, at 4:00 P.M IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). Members recorded in the Register of Members or Depositories as of September 18, 2026, are entitled to remote and e-voting facilities during the AGM.
The company confirmed that it is preparing to submit the Notice of the 14th Annual General Meeting and the Annual Report for the Financial Year 2025-26 through email to shareholders.
MCL Stock Price Movement
M TEK COPPER LIMITED shares slipped on Wednesday, closing at ₹58.04 after shedding 0.51% of their value. The stock recorded a volume of 101,885 shares in the previous day's trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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